Trump family earns $2.3 billion from crypto ventures as investors lose billions

A Reuters investigation found that former U.S. president Donald Trump and his sons have added at least $2.3 billion to their personal wealth through a series of cryptocurrency projects. The family promoted tokens such as the meme coin $TRUMP and governance tokens from World Liberty Financial, earning hundreds of millions with little or no personal financial risk. At the same time, more than one million investors incurred total losses of about $2.3 billion as the values of these tokens collapsed after a hype period in early 2025. The pattern identified across four separate crypto initiatives shows the Trump family benefiting financially while retail investors suffered significant losses.